Long-Term Contracts, Short-Term Investment and Monitoring

Theory of the firm: Managerial behavior, agency costs and ownership structure

1976 • 62,465 citations

Financial Intermediation and Delegated Monitoring

1984 • 8,226 citations

Insiders and Outsiders: The Choice between Informed and Arm's‐Length Debt

1992 • 3,659 citations

Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior

1989 • 2,486 citations

Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Customer Relationships

1990 • 2,098 citations

Incentive-Compatible Debt Contracts: The One-Period Problem

1985 • 1,888 citations

Information, trade and common knowledge

1982 • 1,739 citations

Covenants and Collateral as Incentives to Monitor

1995 • 1,110 citations

Credit and Efficiency in Centralized and Decentralized Economies

1995 • 1,101 citations

Further evidence on the bank lending process and the capital-market response to bank loan agreements

1989 • 966 citations

Limited liability and incentive contracting with ex-ante action choices

1990 • 965 citations

Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium

1994 • 898 citations

Managerial Incentives for Short‐term Results

1985 • 755 citations

New issues in corporate finance

1988 • 750 citations

An Empirical Investigation of U.S. Firms in Reorganization

1989 • 542 citations

The Principal-Agent Relationship with an Informed Principal, II: Common Values

1992 • 518 citations

Short-term contracts and long-term agency relationships

1990 • 512 citations

Banking, financial intermediation and corporate finance

1991 • 322 citations

Optimal Multiperiod Contracts and the Gain from Enduring Relationships under Private Information

1982 • 285 citations

Long-term, Short-term and Renegotiation: On the Value of Commitment in Contracting

1990 • 153 citations

Repudiation and Renegotiation: The Case of Sovereign Debt

1989 • 89 citations

The commitment of finance, duplicated monitoring, and the investment horizon

1992 • 72 citations

Renegotiation and the dynamics of contract design

1990 • 70 citations

Contract renegotiation in models of asymmetric information

1990 • 27 citations

Managerial Incentives for Short‐Term Results: A Comment

1987 • 15 citations